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Nickel Alloy Market Size, Share Global Analysis Report, 2020–2026
Nickel Alloy Market By Type (Heat resistance nickel alloy, Corrosion resistance nickel alloy, Chemical resistance nickel alloy, and High-performance nickel alloy) and By Application (Electronics, Oil &Gas, Automotive, Chemical, Energy &Power, Aerospace and defense): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[180+ Pages Report] According to the report published by Facts Factors, the global nickel alloy market size was worth around USD 72 billion in 2019 and is predicted to grow to around USD 88 billion by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global nickel alloy market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the nickel alloy market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Nickel Alloy industry. The report analyzes and declares the historical and current trends analysis of the Nickel Alloyindustry and subsequently recommends the projected trends anticipated to be observed in the Nickel Alloy market during the upcoming years.
The Nickel Alloy market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire nickel Alloy market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the Nickel Alloy market is anticipated to grow annually at a rate of around 5%.
- Through the primary research, it was established that the Nickel Alloy market was valued at around USD 72 Billion in 2019.
- The “High-Performance nickel alloy” category, on the basis of type segmentation, is expected to be the leading revenue generator in the year 2019.
- The “Aerospace” category, on the basis of application segmentation, is expected to be the leading revenue generator in the year 2019.
- The “Asia-Pacific” region, is expected to dominate the market in the forecast period owing to its growing infrastructure, manufacturing and aerospace sector.
Key Recommendations from Analysts
- As per the details shared by our analysts, the nickel alloy market is expected to have an exponential growth owing to its multiple properties and uses.
- With the growth of CAGR at around 5%, the Nickel Alloy market provides various opportunities for all the shareholders who have invested across the entire value chain.
- Our analysts have identified “Corrosion resistance nickel alloy” and “Oil & Gas” categories as the leading investment pockets for nickel alloy market in terms of type and application segmentation respectively.
- Investors can invest in projects across the Asia Pacific region owing to the increase in offshore investments and potential for explorations of new oil fields across the coastal areas of these countries.
- Boosting digitalization in the field of electronics and its components poses a great opportunity for technological development which in turn demands growth in the nickel alloy market for manufacturing the parts and components required for designing and manufacturing the end products.
Market Attractiveness – Type
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Nickel Alloyindustry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Nickel Alloy industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Nickel Alloy market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Nickel Alloy industry. The Nickel Alloy market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Nickel Alloy sector. Key strategic developments in the Nickel Alloy market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Nickel Alloy market are appropriately highlighted in the report.
Nickel alloy, being a versatile material can be commonly used in multiple applications, such as power turbines, medical, aircraft parts & accessories, energy and oil, automobiles, etc. Nickel alloy possesses properties of extreme heat resistance, chemical resistance, corrosion-resistant owing to which, it is used in multiple end-products and applications. The growing demand in the fields of the oil industry and aerospace is likely to assist the market growth in the forecasted period. Asia Pacific is expected to remain dominant over the forecast period. The growing production in the manufacturing sector and rising exports from these emerging economies can be the leading factor for the increasing demand for nickel alloy in this region.
The Nickel Alloy market research report delivers an acute valuation and taxonomy of the Nickel Alloy industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 72 Billion |
Projected Market Size in 2026 |
USD 88 Billion |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Sandvik Material Technology, ThyssenKrupp AG, Precision Castparts Corporation, Haynes International Inc, Aperam S.A., Allegheny Technologies Incorporated, Carpenter Technology Corporation, Kennametal Inc, AmetekInc, Rolled Alloys Inc, VDM Metals GmbH, Columbia Metals Ltd, Others, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Nickel Alloy industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Nickel Alloy industry is provided for the leading economies of the world.
The Nickel Alloy market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Heat resistance nickel alloy, Corrosion resistance nickel alloy, Chemical resistance nickel alloy, and High-performance nickel alloy. In terms of Application segmentation, the market is bifurcated into Electronics, Oil & Gas, Automotive, Chemical, Energy & Power, Aerospace and defense.
Some of the essential players operating in the Nickel Alloy market, but not restricted to include
- Sandvik Material Technology
- ThyssenKrupp AG
- Precision Castparts Corporation
- Haynes International Inc
- Aperam S.A.
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- Kennametal Inc
- AmetekInc
- Rolled Alloys Inc
- VDM Metals GmbH
- Columbia Metals Ltd
The taxonomy of the Nickel Alloy industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Heat resistance nickel alloy
- Corrosion resistance nickel alloy
- Chemical resistance nickel alloy
- High-performance nickel alloy
By Application Segmentation Analysis
- Electronics
- Oil & gas
- Automotive
- Chemical
- Energy & power
- Aerospace and defense
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Sandvik Material Technology
- ThyssenKrupp AG
- Precision Castparts Corporation
- Haynes International Inc
- Aperam S.A.
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- Kennametal Inc
- AmetekInc
- Rolled Alloys Inc
- VDM Metals GmbH
- Columbia Metals Ltd
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